Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai Investments exports rocket 129% in last 5 years  Join our daily free Newsletter

MENAFN - Khaleej Times - 15/12/2013
No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) The Global Pharma facility in Dubai. Pharmaceutical exports were worth in excess of Dh100 million in 2012, an increase of over 27 per cent compared to Dh79.66 million achieved in 2010. - Supplied photo

Dubai Investments, a leading investment company listed on the Dubai Financial Market, has announced that the volume of exports from its various subsidiaries has grown substantially over the last five years, reflecting the potential of manufacturing exports from its companies across multiple sectors.

An analysis of the export performance of Dubai Investments subsidiaries between 2008 and 2012 revealed that glass export achieved the highest growth, followed by other products such as aluminium, pharmaceuticals, steel and rubber, among others. The company's glass exports, which was worth Dh88.34 million in 2008, jumped to over Dh200 million in 2012, an increase of more than 129 per cent.

The key export markets for Dubai Investments were the GCC countries, Yemen, Jordan, Lebanon, Turkey, South Asia, Africa, UK, Europe, Australia, Singapore, Malaysia, Brazil, other parts of South America, CIS countries and across the globe.

Khalid bin Kalban, managing director and chief executive officer of Dubai Investments, said: "We have seen a tremendous growth in exports from Dubai Investments subsidiaries, particularly in manufacturing exports. Expanding Dubai Investments' global footprint has been one of our top priorities and the year-on-year growth is in line with our strategy to make exports as one of the frontrunners of success."

He added: "We will continue to achieve consistent growth in our exports across our diversified products and services - primarily by opening up business channels in newer markets as wellas building our presence in the existing ones."


Exports of extruded aluminium grew from Dh58.92 million in 2010 to nearly Dh100 million in 2012, an increase of over 64 per cent while switchgear exports also surged from Dh116,424 in 2010 to Dh235,068 in 2011, a growth of 203 per cent, which further increased to Dh330,488 in 2012, a 40 per cent growth.

Similarly, rubber exports grew from Dh18.59 million in 2010 to over Dh21 million in 2012, with focus markets being the Gulf countries, Europe as well as Africa.

Exports of steel enclosures for electrical products grew from Dh1.12 million in 2010 to Dh2.17 million in 2011, an increase of 94 per cent, which further rise to Dh3.61 million in 2012, a growth of 66 per cent.

Dubai Investments' subsidiaries also achieved substantial growth with the export of fabricated steel structures, touching more than Dh93 million in 2012, an increase of over 81 per cent over exports of nearly Dh51 million achieved in 2010. The major export markets is Qatar, followed by Oman.

Similarly, pharmaceutical exports were worth in excess of Dh100 million in 2012, an increase of over 27 per cent compared to Dh79.66 million exports achieved in 2010. The company's export in the sector has been on a northwards trajectory over the last five years, having achieved a phenomenal 80 per cent growth compared to exports in 2008.

As part of its strategy, Dubai Investments is also working closely with Dubai Exports, the export promotion agency of the Department of Economic Development of the Government of Dubai, to reinforce its growth strategy in export markets. Dubai Investments is also participating in a number of trade shows and exhibitions globally to realise market opportunities and export capabilities.

 


Khaleej Times




  MENA News Headlines
 Feb 21 2017 - Clear Brine Fluids Market set to reach USD 1.4 billion by 2024.MENAFN Press
(MENAFN Editorial) Clear Brine Fluids Market size was valued at over USD 870 million in 2015 and will witness gains at 5% CAGR by 2024. Positive growth indicators in the oil & gas industry across ...

 Feb 21 2017 - Miss Malarkey's Lost Her Man is the story of an unglamorous apocalypseMENAFN Press
(MENAFN Editorial) iCrowdNewswire - Feb 20, 2017 Miss Malarkey's Lost Her Man A campaign raising money for the production of a 10-minute short film shot locally in Cornwall and created by ...

 Feb 21 2017 - Tel Aviv: Neomatix helps drivers and vehicle fleet operators save money on gas and tires while improving road safety and reducing CO2 emissionsMENAFN Press
(MENAFN Editorial) iCrowdNewswire - Feb 20, 2017 NeomatixThe company helps drivers and vehicle fleet operators save money on gas and tires while improving road safety and reducing CO2 emissions. ...

 Feb 21 2017 - The World Faces a 'Terrible Lack of Trust'MENAFN Press
(MENAFN Editorial) iCrowdNewswire - Feb 21, 2017 By IPS World Desk Antonio Guterres, UN Secretary General. Credit: UN Photo/Jean-Marc Ferré DUBAI/ROME, Feb 14 2017 (IPS) - The world ...

 Feb 21 2017 - Libya Gaddafi regime trial fell short of international standards UN reportMENAFN Press
(MENAFN Editorial) Libya Gaddafi regime trial fell short of international standards – UN reportThe report by UNSMIL and the UN Human Rights Office (OHCHR) analyses key aspects of the trial in light ...

 Feb 21 2017 - Joint FAO/UNICEF/WFP statement on famine in South SudanMENAFN Press
(MENAFN Editorial) Joint FAO/UNICEF/WFP statement on famine in South SudanThe heads of three UN agencies issued the following joint call for urgent action to allow aid to reach people facing ...

 Feb 21 2017 - Egypt - Women's Film Festival of AswanMENAFN Press
(MENAFN Editorial) Egypt - Women's Film Festival of AswanThe days dedicated to the Italian shorts will be presented by director Cristina Picchi, who is in Aswan to present the screening of her own ...

 Feb 21 2017 - Severe Food Shortages Hit Africa's Refugees Hard UNHCR and WFP WarnMENAFN Press
(MENAFN Editorial) Severe Food Shortages Hit Africa's Refugees Hard – UNHCR and WFP WarnUNHCR and WFP are concerned that sustained cuts to food assistance will have severe nutrition and ...

 Feb 21 2017 - Nearly 1.4 million children at imminent risk of death as famine looms in Nigeria, Somalia, South Sudan and Yemen UNICEFMENAFN Press
(MENAFN Editorial) Nearly 1.4 million children at imminent risk of death as famine looms in Nigeria, Somalia, South Sudan and Yemen – UNICEFThis year, UNICEF is working with partners to provide ...

 Feb 21 2017 - BMO Capital Markets to Host 26th Annual Global Metals & Mining ConferenceMENAFN Press
(MENAFN Editorial) Feb. 21, 2017 /PRNewswire/ -BMO Capital Markets will host its 26th annual Global Metals & Mining Conference from February 26 to March 1, 2017, in Hollywood, Florida. The ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help